March 17, 2018

Wall Street Analysts Forecast 8.6% on Marathon Oil Corporation (NYSE:MRO)

14 November 2017, 07:19 | Melvin Schneider

Let's take a look at how the stock has been performing recently. In the most recent financial results released by Marathon Oil Corporation, for the quarter ending on 2017-09-30, the company posted EPS of -0.08. BlackRock Inc. now owns 56,121,367 shares of the oil and gas company's stock valued at $2,836,372,000 after buying an additional 54,172,304 shares during the last quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Boothbay Fund Management Ltd Liability Company invested in 0.1% or 8,988 shares. The company's institutional ownership is monitored at 38.5 percent.

Based on the lastest quarterly filings, institutions continue to be large stakeholders in Marathon Oil Corporation (NYSE:MRO). The stock rose 0.91% or $0.56 reaching $62.28. Carroll Fin Associate has invested 0.01% in Marathon Petroleum Corp (NYSE:MPC). Airain ltd now owns 541,861 shares of the oil and gas producer's stock worth $6,421,000 after purchasing an additional 74,586 shares during the last quarter.

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Marathon Oil Corporation now measures the Current ratio at 2.1 and displays the quick ratio at 2.

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Marathon Petroleum Corporation (NYSE:MPC) recently ticked higher on weak volume. Considering that the stock daily volume of 11.44 million shares, this represents a pretty noteworthy trading in volume size. Rowland And Company Inv Counsel Adv has 0% invested in Marathon Petroleum Corp (NYSE:MPC) for 1,984 shares. Marathon Petroleum Corporation has a 12 month low of $42.57 and a 12 month high of $63.41. Royal Bank Of Canada set a $16.00 target price on Marathon Oil Corporation and gave the company a "hold" rating in a research report on Wednesday, October 11th. Idaho-based Selway Asset has invested 2.17% in Marathon Petroleum Corp (NYSE:MPC). JPMorgan Chase & Co. grew its stake in shares of Marathon Oil Corporation by 39.8% in the second quarter. The Oz Management Lp holds 1.12M shares with $58.36M value, down from 4.63 million last quarter. The latest exchange of 2.82 Million shares is below its average trading activity of 4.16 Million shares. (NYSE:TCF) shareholders before Nov 14, 2017 will receive the $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. The stock's Dividend Yield stands at 2.59%. Marathon Petroleum Corp.'s dividend payout ratio (DPR) is 67.61%.

In related news, insider Anthony R. Kenney sold 77,578 shares of the business's stock in a transaction that occurred on Monday, November 6th. The total value of its holdings increased 5.9%. Victory Cap Management holds 0.01% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 99,490 shares. The disclosure for this sale can be found here. Howard Weil downgraded the shares of MRO in report on Monday, December 14 to "Sector Perform" rating.

Analysts on average have given a price target of $66.22 to Marathon Petroleum Corporation (MPC) stock. Analysts are turning out to be more optimistic than before, with 15 of analysts who cover Marathon Petroleum Corporation (NYSE:MPC) advice adding it to buy candidate list. On October 18 analysts at Morgan Stanley updated guidance on MRO and giving a rating of "Hold" and a price target of $15.00.

October 19 investment analysts at Jefferies Group LLC held the company rating at "Hold" projecting a price of $14.00. AutoNation had 30 analyst reports since July 28, 2015 according to SRatingsIntel. A 16 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of LUV or, if they already own its stock, sell it. The stock presently has a consensus rating of "Buy" and a consensus price target of $52.78. Its Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast regions of the United States. The Firm operates through three divisions: Refining & Marketing; Speedway; and Midstream.

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